[Thanos]

bootlegga bootlegga:

Sunnyways Sunnyways:

OK, we all know Alberta is a province and gave up a fair whack of its oil revenue to spendthrift federal governments and equalization but what about the rest of the money? Is there nothing to be learnt from Norway’s good example?

Comparing a province with a nation is an apples to oranges comparison - if you want to compare Alberta to a similar jurisdiction, look at Alaska. They've saved $60+ billion in their sovereign fund, as well as provided an annual rebate cheque to every Alaskan over the past 40 years.

The difference is they kept adding to the fund and never raided it for interest.

The most critical thing that anti-Alberta types also keep ignoring is that both Norway and Alaska also don't have to transfer a massive chunk of their own developed wealth further down the line to a larger government entity. And that's either through individual income taxes or levies imposed by the feds on the state. All the money they make is theirs to keep or spend as they see fit. No one else comes in and gets to tell them what to do. Norway is safely outside the worst of the EU's scams and that type of state-to-federal transfer just doesn't exist in the United States.

We can go on forever about the rights and wrongs of how the HTF was used by Alberta premiers over the last forty years. What's not disputable though is that if the money Albertans sent to Ottawa had stayed inside the province we'd be several hundred billion dollars richer right now, with one of the most comprehensive social program safety nets in the entire world, and practically every single person in this province would have been sheltered and safe from the harshness of commodity busts. Excessive taxation imposed by the Canadian federal government has made life harder for Albertans when the busts happen, and Ottawa (and most of the rest of the country too) certainly doesn't give a damn at all when it occurs.

[BeaverFever]

Sunnyways Sunnyways:

OK, we all know Alberta is a province and gave up a fair whack of its oil revenue to spendthrift federal governments and equalization

Not true, The province of Alberta, like any province, doesn’t give any money to the Federal government. Alberta citizens pay the same federal tax as any other Canadian. Equalization is paid by Federal tax dollars. There are no additional payments taken from Alberta or it’s people compared to other provinces

[Sunnyways]

BeaverFever BeaverFever:

Sunnyways Sunnyways:

OK, we all know Alberta is a province and gave up a fair whack of its oil revenue to spendthrift federal governments and equalization

Not true, The province of Alberta, like any province, doesn’t give any money to the Federal government. Alberta citizens pay the same federal tax as any other Canadian. Equalization is paid by Federal tax dollars. There are no additional payments taken from Alberta or it’s people compared to other provinces

I’m comparing the province of Alberta to the country of Norway and conceding that the provincial govt does not receive all the tax revenues raised in the province.

[Sunnyways]

Thanos Thanos:

bootlegga bootlegga:

Sunnyways Sunnyways:

OK, we all know Alberta is a province and gave up a fair whack of its oil revenue to spendthrift federal governments and equalization but what about the rest of the money? Is there nothing to be learnt from Norway’s good example?

Comparing a province with a nation is an apples to oranges comparison - if you want to compare Alberta to a similar jurisdiction, look at Alaska. They've saved $60+ billion in their sovereign fund, as well as provided an annual rebate cheque to every Alaskan over the past 40 years.

The difference is they kept adding to the fund and never raided it for interest.

The most critical thing that anti-Alberta types also keep ignoring is that both Norway and Alaska also don't have to transfer a massive chunk of their own developed wealth further down the line to a larger government entity. And that's either through individual income taxes or levies imposed by the feds on the state. All the money they make is theirs to keep or spend as they see fit. No one else comes in and gets to tell them what to do. Norway is safely outside the worst of the EU's scams and that type of state-to-federal transfer just doesn't exist in the United States.

Hold on. I conceded that fact in my very short post. However, the federal government did not take everything.

[BartSimpson]

So Turdeau approves the pipeline and now the Senate passes C-69 to effectively prohibit any future pipeline and C-69 will likely mean the end of Trans Mountain as fresh lawsuits start up.

[bootlegga]

FieryVulpine FieryVulpine:

bootlegga bootlegga:

Had the province lived up to Lougheed's vision, each city would already have an extensive LRT network, which would reduce congestion.

Do cities the size of Red Deer, Lethbridge, and Medicine Hat need LRT though?

They wouldn't need/get LRT, but they'd probably have much better transit systems than they do now.

[llama66]

BartSimpson BartSimpson:

So Turdeau approves the pipeline and now the Senate passes C-69 to effectively prohibit any future pipeline and C-69 will likely mean the end of Trans Mountain as fresh lawsuits start up.

If TMX gets killed and Trudeau re-elected Alberta may lose it's collective shit.

[BRAH]

______________________

[BartSimpson]

llama66 llama66:

BartSimpson BartSimpson:

So Turdeau approves the pipeline and now the Senate passes C-69 to effectively prohibit any future pipeline and C-69 will likely mean the end of Trans Mountain as fresh lawsuits start up.

If TMX gets killed and Trudeau re-elected Alberta may lose it's collective shit.

And Canada may lose Alberta if staying in Canada means that Albertans will face poverty and the incremental loss of their oil industry.

[Thanos]

Sunnyways Sunnyways:

Hold on. I conceded that fact in my very short post. However, the federal government did not take everything.

They might not take everything Canadian federal government still takes far too much, is irresponsible & wasteful with far too much of what it does take, and is disgustingly slow to provide assistance when the resource-producing parts of the country have economic/unemployment difficulties

[fifeboy]

BartSimpson BartSimpson:

llama66 llama66:

BartSimpson BartSimpson:

So Turdeau approves the pipeline and now the Senate passes C-69 to effectively prohibit any future pipeline and C-69 will likely mean the end of Trans Mountain as fresh lawsuits start up.

If TMX gets killed and Trudeau re-elected Alberta may lose it's collective shit.

And Canada may lose Alberta if staying in Canada means that Albertans will face poverty and the incremental loss of their oil industry.

lose Alberta? Staying in Canada means facing poverty and loss of their oil Wow, no chance they may diversify? What’s wrong with them? Suckling at the tit of big oil too long?

[Thanos]

If Alberta were an American state or territory right now we'd be booming again, just like the US O&G sector is. But we're not, and probably never will again, and the only reason why it's like this now is because we're being deliberately crippled by the Canadian federal government.

[fifeboy]

Thanos Thanos:

If Alberta were an American state or territory right now we'd be booming again, just like the US O&G sector is. But we're not, and probably never will again, and the only reason why it's like this now is because we're being deliberately crippled by the Canadian federal government.

Then you could be a MAGA. I'm sure you would fit right in

[herbie]

Oh Jesus, the pipeline's approved and you're still whining.

[fifeboy]

herbie herbie:

Oh Jesus, the pipeline's approved and you're still whining.

Won’t be happy until SOPET has built as many pipelines as Stevie built